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Syria's pound hit record lows on the black market Saturday trading at over 2,300 to the dollar, less than a third of its official value, traders said, ahead of new US sanctions. Three traders in Damascus told AFP by phone that the dollar bought more than 2,300 Syrian pounds for the first time, though the official exchange rate remained fixed at around 700 pounds to the greenback. After nine years of war, Syria is in the thick of an economic crisis compounded by a coronavirus lockdown and a dollar liquidity crunch in neighbouring Lebanon.

Republican U.S. Senator Chuck Grassley on Thursday said he would seek to block two of Donald Trump's nominees in response to the president's firing of two inspectors general, citing the need for "checks and balances." Grassley has been pressing the White House to provide a rationale for Trump's decision to dismiss the intelligence community's inspector general and his counterpart at the State Department, and has said responses from the White House have fallen short.

The U.S. will designate four Chinese state media outlets as foreign embassies in addition to five such outlets that have already been placed under restrictions, Reuters reported on Wednesday.The State Department could announce the designation as early as Thursday. China Central Television (CCTV) and China News Service are expected to be among the outlets listed by the department. The designation would apply certain restrictions to those outlets' operations on U.S. soil, mandating they register employees and property with the State Department.The Trump administration in February placed the same restrictions on five other Chinese state media organizations including the Xinhua News Agency...

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